How many shares will be sold through the Navios Maritime Holdings IPO?
A total of 22 million units will be sold through the Navios Maritime IPO. Each unit consists of one share of common stock and one warrant that entitles the holder to purchase one share of common stock for $7.
What is the price per share of Navios Maritime Holdings IPO?
The shares of Navios Maritime Holdings IPO are priced at $10 per share.
Any special terms for the Navios Maritime Holdings IPO?
The net proceeds of the offering will be held in trust pending the completion of an acquisition. If a deal is not completed within 24 months, the proceeds will be liquidated and distributed to shareholders.
Upon IPO close, Navios Holdings has agreed to invest $7.6 million in a private placement of warrants. Navios Holdings expects to own about 19 percent of Navios Acquisition's common shares after the IPO.
What are the business valuations and market outlook for Navios Maritime Holdings IPO?
Navios is one of the leading global brands in seaborne shipping, specializing in the worldwide carriage, trading, storage and related logistics of international bulk cargoes. For over 50 years, raw materials producers, agricultural traders and exporters, industrial end users, ship owners, charterers, ship and derivative brokers, agents, and financial business partners have relied on Navios' expertise and innovation.
As a carrier, Navios operates principally handymax and panamax bulk carriers, deploying owned, chartered and leased vessels. Navios has extensive experience performing complex freight movements and bulk cargo logistics around the world, and in providing innovative solutions for customers' special requirements. In addition, the company owns and operates the largest bulk terminal in Uruguay -- one of the most successful and prominent operations of its kind in South America. Navios' worldwide technical ship management capacity is based on a team of industry professionals graduated from the world's leading international schools of naval architecture and marine engineering.
Navios is a leader and innovator in seaborne risk management and shipping advisory services, and a strong financial partner with a secure asset base. Navios' focus on risk management characterizes the company's commercial and operational decisions and enables business partners to reduce their vessel and cargo exposure, and to control shipping and fuel costs. Navios' combination of technical and financial expertise and balance sheet strength make the company a preferred business advisor and counterparty for industry-related transactions.
JP Morgan Securities and Deutsche Bank Securities are serving as the IPO's lead underwriters. S. Goldman Advisors is also backing the offering. The underwriters have an option to buy up to 3.3 million additional units to cover any overallotments.
| Navios Acquisition plans to list its units, stock and warrants on the New York Stock Exchange. | Table of Contents |
No comments:
Post a Comment